Post #11478

Polygon Labs buys Coinme and Sequence for $250M as it looks to compete with Stripe Coinme specialises in converting cash into crypto and is known for its work with crypto ATMs, has a suite of money transmitter licenses in the U.S. Meanwhile, Sequence builds out blockchain infrastructure, including crypto wallets. Polygon Labs’ acquisitions of the two startups put it in competition with the fintech giant Stripe, said Nailwal. It’s a reverse Stripe in a way. Stripe first acquired its stablecoin startups and then built out its own blockchain. In contrast, Polygon already has a longstanding network of blockchains, and it’s bringing on startups to build on top of it. “Polygon Labs is becoming a full-blown fintech company,” said Nailwal. 🔗fortune.com/2026/01/13/polygon-labs-acquisition-coinme-sequence-stablecoin-strategy Follow us to be on top of crypto: TG | Chat | X